Y Combinator alum Skio sells for $105M cash, only raised $8M, founder says

Subscription billing fintech Skio sold to its competitor Recharge in what was a healthy exit, according to its founder and former CEO.

"YC alum Skio sold for $105M cash after raising just $8M. This impressive exit saw Skio, a subscription billing fintech, acquired by its competitor, Recharge. Skio's founder and former CEO describe the deal as a healthy exit. The company managed to secure a significant return on investment, reflecting its efficient growth strategy. Why does this matter? It demonstrates that startups can achieve substantial exits without massive funding rounds. Skio's journey highlights the potential for smart financial management and strategic positioning in the fintech space. For entrepreneurs, it’s a testament to the power of focused growth and market alignment. Curious about more details? Check out the full article for an in-depth look at how Skio achieved this successful outcome. Full article link in bio."